The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-09-21
FINANCE AND COMMERCE.
Asney 8 Per Cent, New York Ex'
change Par Selling.
Cotton Quiet - Kidding Cotton,
8 I6-I6c-sales To-day e<0O
Bales.

ArPRAL 0FYIcx, |
TUESDAY, EVENING. September 70, 1887.
Money is scarce and firm at s per
sent, the banks limiting their loans
to their regular customers.
The local cotton market closed
quiet and l-l6c lower on middling,
good middling and middling fair, the
lower grades unchanged. The New
Orleans market closed quiet, with the
future ms.ket of 10 8 points. New
York spots closed firm and futures
steady; September advanced points.
October 8 points, while the remaining
are on the decline / to 8 points. A
leading New York cotton circular, Of
the 20tb, says Of the future market:
'"On the market for cotton futures
there was q decidedly strong tone
for September and sharp advance
Of 10 to II points, with a subse quent
small reaction. On tthe rest Of the
markeethe tone was generally tame.
"A small advance took place early In
the dsy, bat with final tone rather
sack, and the latter months to 2
points below last evening at the close,
with the feeling rather tame"
Liverpool was quoted rather easier,
with futures of point.
Manchester c'o.hs, unchanged,
moderate business; yarns steady but
lsss active.
A careful estimate Of the corn crop
for this year Is made by the Cincin.
natl Price Current, and 1t indicates
that the yield will be consid srably
larger than has generally been ex.
pected.. Taking the departments re.
port for basis, il estimates the yield
Of the seven surplus States as fol.
lowe: oaio, Iadisns, Illinois, Iowa,
Michigan, Kansas and Nebraska
total for 1887, 500. 450, 900 bushels. as
against O00,2l4,0O0 bushels the pre-.
vious year. Taking deductions for
abandonment, cutting the crop for
fodder, etc, at 81, 900. 600 bushels, from
500, 5000 bushels, leaves s4S, 450, 900
bushels as the production, or l5l, 1884,
900 bushels less than the previous
year In these States. The estimate Of
the othe, States and Territories make
the grand total f,r 1887 at 1870. 600. 900
bushels against 1885. AL 900 bushels
In 1885. or decrease Of only 95.00o.-
900 bushels, there being Q gain Of
over 70. 0o0, 900 in tho States outsids OF
the seven Surplus States"
The Brsdstreet Agency reports LA
failures In the United safes during
tie week ending September IS. 1887.
against ll9 In the preceding week and
1888, lS3, $50 and 1873 in the correspond.
ing weeks Of 1885, 1885, 1884 ard
and 1888 respectively. Middle States,
50; New Z gland States, 20; Southern
States, %; Western statss, IS; Pacific
States and Territories, o; Canada, "a.
Total In the United States and Cana
da,l8s.
ELEVATOR RTPoRrs.
The following shows the amount Of
grain received, Withdrawn and In ssre
by regular elevators, as reported 10 the
Merchants Exchange today; Wheat
In store, 5l,zl3 bushsls. O'rn re-
ceived 2l95 bushels, withdrawn,
1860 bushels, in etore. 1887 bushels.
oAts In store, II, $50 bushels.
MP0Rrs.
Il ght brls apples, 322 sks bran, rs
pkes bacon, ECO pkgs boots and shosf,
300 bu corn, 20 bks coffee 32b SKIS
cotton tecd, car cotton seed, I25 brls
cement, 1872 pkgs dry goods, 81 pkes
eggr, bb2 brls hJur, 1900 bales hay, 22
pkgs hats, l2 head sheen, "a head cat.
tie, 90 900 feet lumber, IL pEgs llquorr.
80 Jrls lime, 30 brls meal, u brls mo.
lassee, 900 kegs rails, 1900 bu oats, is
brls onions, 6S3 bris potatoPs, 3 cars
pork sides, SO pkgs rice, 49, brls sugar,
lag pigs tobacco and 400 bu wheat.